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Kerr-McGee and Oryx Energy
Report Fourth-Quarter Losses

DALLAS -- Kerr-McGee Corp., Oklahoma City, and Oryx Energy Co., Dallas, which are in the process of combining, both reported significant losses, including write-downs, for the fourth quarter.

Kerr-McGee reported a net loss of $246.3 million, or $5.18 a share, compared with net income of $45.2 million, or 95 cents a diluted share, a year earlier. Fourth-quarter revenue rose slightly to $350.7 million, from $345.1 million in the fourth...